Retirement Planning in McHenry County, ND

What does it take to retire comfortably in McHenry County? Here are the numbers.

Median Income

$78,071

Retirement Income (80%)

$62,457

Est. Nest Egg Needed

$878,300

Cost of Living Index

120

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$62,457
Est. Social Security$27,325

Annual Income Gap$35,132

Housing Costs

Median Rent$753/mo
Annual Housing$9,036
Property Tax Rate0.7%

Median Home Value$136,600

About McHenry County, North Dakota

McHenry County in North Dakota has a median household income of $78,071 and a homeownership rate of 81.9%. Using the 4% rule, retirees in this county would need approximately $878,300 in savings to cover the gap between Social Security and their target retirement income.

These are estimates based on county-level medians. Your actual retirement needs depend on your specific income, expenses, healthcare costs, Social Security benefits, and investment portfolio. Use our calculator for a personalized Monte Carlo analysis.

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Health and care costs

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SSA, BLS. Estimates based on county-level medians and the 4% withdrawal rule. This is not financial advice.